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Hambros are pleased to announce that we have completed a second charge mezzanine finance loan of £3.4m to an experienced developer for the residential redevelopment of the former Thomson HQ in Farnborough, Hampshire.
Positioned only two minutes walking distance from Farnborough Station and with London Waterloo 34 minutes away, will bring 145 new units to the area.
Farnborough is a town (population circa 65,000) in the north-east of Hampshire, located approximately 34 miles to the south-west of London.
The property is located on the eastern side of Farnborough Road and is surrounded by a mix of residential blocks and offices buildings. Farnborough’s main commercial district is situated approximately 500 metres from the sire, hosting numerous shops, restaurants, supermarkets, a cinema and other amenities.
The clients have identified refinance and sales as to how they will repay their loan on time and our analysis and extensive due diligence supports this claim.